In today's trading session, March 26, the stock market had a decreasing session.
At the end of the trading session, the VN-Index decreased by 5.83 points, down to 1,326.09 points. The HNX-Index decreased by 3.23 points to 241.33 points.
The width of the whole market is somewhat leaning towards red with the seller having 394 codes down and the buyer having 321 codes up.
Red is somewhat overwhelming in the VN30 basket with 19 decreased codes, 7 increased codes and 4 reference codes.
Market liquidity decreased compared to the previous trading session, with the trading volume matched by the VN-Index reaching more than 734 million shares, equivalent to a value of more than 16.5 trillion VND.
The most negative trading in today's session was the information technology group.
A series of major stocks all decreased sharply, such as FPT decreased by 2.7%, CMG decreased by 3.2%, SMT decreased by 2.2%. FPT alone caused the general market index to decrease by 1.1 points.
FPT shares closed at VND123,000/share, the lowest price in the past 7 months. Since the beginning of the year, FPT has "evaporated" nearly 20% of its capitalization, equivalent to about VND42,600 billion.
However, with unresolved pressure from foreign investors, FPT is likely to continue to bottom out in the coming sessions.
Recently, FPT announced its business results for the first 2 months of 2025 with positive growth.
FPT's revenue in the first 2 months of the year reached VND 10,438 billion and pre-tax profit (PIT) reached VND 1,885 billion, up 16.4% and 20.3% over the same period, respectively.
After-tax profit belonging to shareholders of parent companies (net profit) increased by 21.1% to VND 1,378 billion, equivalent to EPS at VND 936/share.
However, the latest updated report from SSI Research raises many concerns about this stock.
Accordingly, foreign IT revenue is lower than forecast. The main reason is that the Americas grew 8% behind the same period, compared to the previous estimate of 15%-16% for 2025.
SSI Research has expected the situation to improve under the Trump administration, helping US businesses benefit from 2025.
However, the first two months of this year have not shown any significant changes, as US businesses continue to maintain a cautious stance on spending on information technology.
According to SSI Research, from 2024, the value of newly signed contracts and newly signed revenue of FPT has shown signs of slowing down, reaching only about 13%-14% per year (compared to 30%-40% per year in the period of 2022-2023).
However, this analysis team believes that the profit growth prospects in 2025 will still be positive.
On FPT's side, the group plans to do ambitious business with the target of revenue reaching VND 75,400 billion and pre-tax profit of VND 13,395 billion, up 20% and 21% respectively compared to 2024.
If completed, this will continue to be a new record in revenue and profit for Vietnam's leading technology enterprise and will be the 5th consecutive year of growth above 20%/year.
